You can have an APR on HIVE of 12% but if the price declines 50%, you have a loss.
Not necessarily. As long as you primarily evaluate stuff in HIVE prices, you are fine. Actually, I hope noone does that (yet).
The same is not true fixed income products that pay an interest and return the funds at maturity.
Let's use the point of the previous exercise. As long as you evaluate stuff in HBD, you are fine with the time vault (HiveBond). If you prefer USD, you are one small edit away from breaking through.
You can have an APR on HBD of 12% but if the price declines 50%, you have a loss.